On May 21, FIT Hon Teng rose 4.2% in regular trading, trading at HKD 8.85 per share, with trading volume of HKD 112 million.

On the news front, parent company Hon Hai (Foxconn) recently held an investor conference, announcing that AI servers now account for over 50% of total server revenue, with AI rack shipments expected to double for the full year. The company also plans to increase capital expenditure by more than 30%, primarily targeting regional manufacturing expansion, automation, and core capacity enhancement. Additionally, CPO (co-packaged optics) switches are expected to enter mass production in the third quarter, with a full-year shipment target of 10,000 units.

As Hon Hai's core supplier of high-speed connectivity solutions, FIT Hon Teng stands to benefit from the accelerating AI infrastructure buildout across copper interconnects, optical modules, and liquid cooling thermal management. Institutional forecasts suggest Foxconn is on track to become the world's largest server supplier, providing sustained demand tailwinds for FIT Hon Teng's product portfolio.

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